LAWSUITS NEWS & LEGAL INFORMATION
In a recent development, the Swiss bank agreed to pay out $30 million to Parmalat. The Italian company has agreed to withdraw its claims against the bank as part of the settlement. The regional bank said the payment would not affect its operative annual results for 2007, because the money would come from funds already set aside for the case and for other, general banking risks. The settlement has no effect on ongoing criminal investigations in Switzerland and Italy into Parmalat's collapse. [FORBES: BANK SCANDAL]
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Published on Sep-28-07
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